Eurozone and European Union trade stats for January to September 2018; EU trade surplus with the U.S. up 18% year on year as trade deficit with Russia up 38% year on year

In January to September 2018, Euro area or Eurozone exports of goods to the rest of the world rose to €1,686.0 bn (an increase of 3.6% compared with January to September 2017), while imports rose to €1,542.9 bn (an increase of 5.8% compared with January to September 2017). As a result, the euro area recorded a surplus of €143.1 bn, compared with +€169.2 bn in January-September 2017. Intra-euro area trade rose to €1,449.8 bn in January-September 2018, up by 5.7% compared with January-September 2017.

Source: Eurostat

Source: Eurostat

In January to September 2018, extra-EU28 exports of goods rose to €1,446.9 bn (an increase of 4.1% compared with January to September 2017), while imports rose to €1,461.5 bn (an increase of 5.5% compared with January to September 2017). As a result, the EU28 recorded a deficit of €14.6 bn, compared with a surplus of €5.0 bn in January-September 2017. Intra-EU28 trade rose to €2,617.2 bn in January-September 2018, up by 5.1% compared with January-September 2017.

Source: EurostatSource: Eurostat

Trade by Product

Meanwhile, the trade deficit on energy grew from €171.8 bn in January to September 2017 to €219.4 bn in January to September 2018, an increase of 28%.

Source: Eurostat

Trade by Partner

The trade surplus with the U.S. grew by 18% from €81.6 bn in January to September 2017 to €101 bn in January to September 2018 (despite rising U.S. import tariffs).

The trade deficit with Russia expanded by 38% from €44.4 bn in January to September 2017 to €61.2 bn in January to September 2018.